Safety Achievements
The company recorded no lost time injuries during the third quarter, marking 9 consecutive LTI-free quarters.
Major Milestone: Stage 3 Expansion
Official inauguration of Stage 3 Expansion process plant on September 16, with the first production of saleable concentrate.
Record Financial Performance
Record quarterly revenue of $177.5 million, an increase of 45% from the same period prior year. Record cash flow from operating activities of $101.8 million, and a record net cash balance of $131.2 million.
Operational Efficiency
Total material mined reached a record of 353,770 tonnes. Development rates achieved a significant milestone with a new record set for monthly development totaling 1,028 meters.
Exploration Success
Expansion of the Arakompa vein system with recent drilling extending the bulk tonnage zone and the discovery of porphyry style copper gold mineralization.